Globalisation Advantages And Disadvantages Essay

Globalisation Advantages And Disadvantages Essay-12
A story in the Washington Post said “20 years ago globalization was pitched as a strategy that would raise all boats in poor and rich countries alike. And in time trade barriers would drop to support even more multinationals expansion and economic gains while geo political cooperation would flourish.” There is no question that globalization has been a good thing for many developing countries who now have access to our markets and can export cheap goods. and Europe consumers would have their pick of inexpensive items made by people thousands of miles away whose pay was much lower than theirs.

A story in the Washington Post said “20 years ago globalization was pitched as a strategy that would raise all boats in poor and rich countries alike. And in time trade barriers would drop to support even more multinationals expansion and economic gains while geo political cooperation would flourish.” There is no question that globalization has been a good thing for many developing countries who now have access to our markets and can export cheap goods. and Europe consumers would have their pick of inexpensive items made by people thousands of miles away whose pay was much lower than theirs.

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It should be pure business with no colonialist designs. There is now a worldwide market for companies and consumers who have access to products of different countries. Gradually there is a world power that is being created instead of compartmentalized power sectors. Most people see speedy travel, mass communications and quick dissemination of information through the Internet as benefits of globalization. Labor can move from country to country to market their skills.

Politics is merging and decisions that are being taken are actually beneficial for people all over the world. Socially we have become more open and tolerant towards each other and people who live in the other part of the world are not considered aliens. True, but this can cause problems with the existing labor and downward pressure on wages. Sharing technology with developing nations will help them progress. many jobs and always increase our trade deficit Cons • The general complaint about globalization is that it has made the rich richer while making the non-rich poorer. • The biggest problem for developed countries is that jobs are lost and transferred to lower cost countries.” According to conservative estimates by Robert Scott of the Economic Policy Institute, granting China most favored nation status drained away 3.2 million jobs, including 2.4 million manufacturing jobs.

China does not deserve to be on our most favored nation list and we need to tax their exports to us until they stop these illegal activities.

What is good for third world countries, like Kenya, or countries with tremendous growth, like China, has not been good for American workers.

You can’t stop it – you can only swim in the snow and hope to stay on top.

Globalisation Advantages And Disadvantages Essay Thurgood Marshall Essay

I would like to make the argument that the US should try a lot harder to swim in the snow and stay on top.Besides currency manipulation they subsidize their state owned companies to target our markets, and provide funding to their state owned companies that dump their products in America.They also steal our technologies, sell counterfeit versions of our products, and impose tariffs and other barriers anytime they want - as we do nothing to stop them.We can’t stop it but there are many things we can do to slow it down and make it more equitable. Leadership – We need politicians who are willing to confront the cheaters.One of our biggest problems is that 7 of our trading partners manipulate their currencies to gain unfair price advantage which increases their exports and decreases their imports.“ • Some experts think that globalization is also leading to the incursion of communicable diseases.Deadly diseases like HIV/AIDS are being spread by travelers to the remotest corners of the globe. Prisoners and child workers are used to work in inhumane conditions.This is illegal under WTO rules so there is a sound legal basis to put some kind of tax on their exports until they quit cheating.Balanced Trade – Most of our trading partners can balance their trade budgets and even run a surplus.“During the most recent period of rapid growth in global trade and investment, 1960 to 1998, inequality worsened both internationally and within countries.The UN Development Program reports that the richest 20 percent of the world's population consume 86 percent of the world's resources while the poorest 80 percent consume just 14 percent.

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